Technical
Financial
Distress signals
Property profile

9616 N Lamar Blvd Austin, TX 78753

FOR LEASE
Strip malls
Property ID
US82-0693892
51,547 SF 10.02 ac lot Built 1980
Individually Owned 20-yr Hold Absentee Owner ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional retail opportunity presents 3 available spaces within the North Park Shopping Center, located at 9616 N Lamar Blvd, Austin, TX 78753. The center boasts a total of 115,843 square feet across three buildings, offering spaces ranging from 1,500 to 6,500 contiguous square feet. Currently, 5,804 square feet are vacant. Built in 1980 and renovated in 1989, the Class B property sits on 10.02 acres of land in the North/Domain submarket of Travis County, offering excellent visibility and accessibility. The center features ample parking with 200 spaces and benefits from a high traffic count of approximately 39,000 vehicles daily along North Lamar Boulevard. Its strategic location near Rundberg Drive and the intersection of North IH-35 provides easy access for customers. The property is situated near an HEB grocery store across Rutland Drive and enjoys an incredibly dense residential population within a 1-3 mile radius, ensuring a strong customer base. The property's floor area ratio (FAR) is 0.27. This prime retail space is ideal for businesses seeking high visibility and a thriving customer base in a well-established Austin location.

Property profile

Verified
Property type Strip malls
Use group SHOPPING CENTER, STRIP CENTER
Year built 1980
Construction CONCRETE
Total area 51,547 SF
Lot 10.02 ac (436,471 SF)
APN 243170102
UPID US82-0693892

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Take-out & Catering
  • Insurance Agency
  • Barber Shop
  • Nail Salon
  • Grocery & Convenience Store Food Market

Location

9616 N Lamar Blvd Austin, TX 78753
Austin metro Census 40900 AUSTIN-ROUND ROCK, TX METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$1.15M

Owner & transaction history

since 2006
4 recorded transactions
2016
Price N/A
2006
Price N/A
2004
Price N/A
1969
Price N/A

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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